NIFT UG 2012 Question Paper with solutions

Question : 134 of 150

Marks: +1, -0

The simple interest on a sum of ₹ 892 lent out at 6% per annum for 8 months will be

Solution:

p=₹892

r=6\%

t=\;\;{8}/{12}=\;\;{2}/{3}\;\text"years"\;

{SI}=\;\;{892×6×2}/{3×100}=₹35.68

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